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Product Type

Timeline

Project Start: October 2017
Project Completion: March 2021

Overview

Situated in the epicenter of Austin’s CBD, Indeed Tower will deliver a vibrant mixed-use environment with a prominent 6th Street address through its three main components: a 683,000-square-foot Class AA office tower with ground floor retail, a historic 1914 post office re-positioned into a 25,000-square-foot retail/restaurant destination, and a 20,000-square-foot urban greenspace.

At 36 stories tall, the office building will stand as the tallest and largest office tower in downtown Austin and offer tenants an unparalleled experience through its extensive office amenities, including a fitness center, dedicated conference center and outdoor terraces. Indeed Tower’s floorplates, at an average size of 33,000 square feet, will be among the largest in the market, making the project attractive to the growing tech tenant population while maintaining flexibility to appeal to more traditional office users.

TCC plans to further amenitize the Project by renovating the Claudia Taylor Johnson (CTJ) post office building into a food hall or urban market. Additionally, TCC will develop a +/-20,000-square-foot plaza in the northwest corner of the site to provide highly coveted green space within the project to benefit both the tenants of the office building and the CTJ.

Opportunity, Solutions & Outcomes

Given the recent trend of larger tenants taking down larger and larger leases, the project team recognized the market's shortage of contiguous available space in the near term and saw the project as a significant opportunity to fill that market void.

Indeed Tower is anticipated to benefit from its timing to market, as there is a lack of competitive product expected to deliver in the CBD in 2Q 2021 and very few large blocks of contiguous space coming available in the near term. Collectively, The building's attractive design features, widespread amenities and first-mover advantage should competitively position the asset in an already favorable market.

Quick Facts

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Architect

Page Southerland Page

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Contractor

DPR

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Partner

Principal Real Estate Investors

"This mixed-use project is exceptionally located in the epicenter of Austin’s thriving and dynamic CBD. With the West 6th Street district an extremely desired area for young professionals, and Congress Avenue as the historic central corridor of downtown’s business district, we anticipate this project to attract a variety of tenants seeking a premier business location. Our goal is to bridge East 6th and West 6th with pedestrian oriented retail and highly sought-after urban amenities that raise the bar for the Austin market."